1 SyndicateBank Reward point is worth ₹0.50 in India.

THE BANK PRICED ITS OWN UNIT, IN ONE CLAUSE, AND THAT IS THE WHOLE DERIVATION. SyndicateBank's nine-page product sheet "Details of SyndicateBank Global Credit Card" (Internet Archive capture 20150513111643, section 12 "REDEMPTION OF REWARD POINTS") states it verbatim: "Payment towards renewal fee of the exiting Credit Card OR Encashment in multiples of 500 points, subject to a minimum of 500 points. The amount @Rs.0.50 per reward point would be credited to Credit Card account of the applicant." Fifty paise a point, published by the issuer, no consensus and no estimate anywhere in it. Section 2 of the same sheet states the accrual — "Rewards points of one point for every Rs. 200 spend with the Card" — so the shelf returns a flat 0.25%, and both Global Credit Card variants earn at the same rate: the fee table splits Classic from Gold, the rewards clause does not. FLAT, AND THE FLATNESS IS THE PROGRAMME'S. Section 12 publishes exactly two doors and prices only one of them. Encashment pays ₹0.50. The renewal-fee door is quoted as a use, not a rate — SyndicateBank never said how many points cleared a ₹300 or ₹500 renewal — so it cannot move the ceiling in either direction. There is no catalogue, no voucher shelf and no rung below par, which is why value, floor and ceiling are one figure rather than a band. Stretching a ceiling to a rate the bank did not print would be inventing the better half of a spread. SCRIP, NOT `inr-cashback`, AND NOT `money`. This file's header sets the test: does the issuer's own document credit ONE UNIT TO THE CARD ACCOUNT AS ONE RUPEE? No — it credits fifty paise, and only in blocks of 500, i.e. ₹250 of value before anything can be claimed at all. A rupee on a statement carries no 500-unit floor and cannot be spent against next year's renewal fee. `inr-cashback` is reserved for documents that say "cashback"; this one says "reward points" throughout. NOT `canara-reward-points`, AND THE MERGER IS EXACTLY WHY THE DISTINCTION MATTERS. Syndicate Bank was amalgamated into Canara Bank on 1 April 2020 and the successor programme is marked on this index at ₹0.25 — half this rate, off Canara's own MITC line "Value of each reward point is Rs. 0.25". Pricing a SyndicateBank point at its successor's rate would halve a rate the issuer published in writing; pricing it at the successor's slug would list a withdrawn 2017 product as a live earner on Canara's hub. A rebrand can revalue — but a rebrand is not a MERGER, and the distinction is the whole point. Syndicate Bank's programme was absorbed into a DIFFERENT programme with a different published rate; i-mint was RENAMED to PAYBACK and then to Zillion by one operator that never converted a balance, and as of 2026-08-23 the twenty-six i-mint cards are priced at `payback-points` wherever their accrual is denominated in i-mint's own unit. See that row's note for the FAQ that settles it. This row is the merger case, not the rename case. NO TRANSFER ROW, AND NOT ONE PARTNER WAS EVER NAMED. The product sheet, the 2017 application form and the product page carry no airline, no hotel, no coalition and no ratio between them: the only exits are the two in section 12. There is nothing here to invert. WHAT IS DELIBERATELY NOT BAKED INTO THE RATE: section 9, verbatim — "Card holders who have registered their e-mail ID with us will get soft copy of their Billing Statement by e-mail and they will earn additional five reward points per transaction." Five points is ₹2.50, but it is paid per TRANSACTION rather than per rupee, so it has no expression as points per ₹100 and cannot enter `earn.base` without a transaction-count assumption this desk would be inventing. It is recorded on both card files instead.

SyndicateBank Reward Points has held — we grade its nerf risk stable No tracker events on record for this program How we grade it →

No corridor on our board prices a seat in SyndicateBank Reward Points against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →